- Bithumb announces Haedal Protocol (HAEDAL) KRW trading launch.
- HAEDAL price surged 50% before listing.
- Includes trading details and impact on the Sui network.
Bithumb announces Haedal Protocol (HAEDAL) KRW trading launch. HAEDAL price surged 50% before listing. Includes trading details and impact on the Sui network.
South Korea’s Bithumb exchange plans to list Haedal Protocol (HAEDAL) with a KRW trading pair on May 2, 2025, at 18:00 KST. Prior to the listing, HAEDAL witnessed a substantial price increase, reflecting market anticipation.
Bithumb to List HAEDAL, Sparking 50% Price Surge
Bithumb prepares to integrate Haedal Protocol (HAEDAL), a liquid staking platform on the Sui blockchain, enhancing accessibility for South Korean investors. The inclusion of a KRW trading pair amplifies HAEDAL’s reach within the region, facilitating easier transactions. This expansion aims to bolster liquid staking solutions across Asia, aligning with trends in the cryptocurrency sector.
The listing marks a pivotal moment, affecting HAEDAL’s trading patterns and market influence. It propels the protocol into a broader network of decentralized finance applications, potentially increasing HAEDAL’s market share. Market participants eagerly engaged, causing HAEDAL’s value to surge 50% before the official listing. Bithumb’s announcement underscores a commitment to supporting Sui-based assets, amid rising interest.
“This listing aligns with our strategy to increase access to promising digital assets on a global scale,” said a Bithumb representative.
HAEDAL Trading Insights and Market Position
Did you know? The timing of Bithumb’s listing coincides with a broader trend of integrating liquid staking assets into mainstream Asian exchanges, locking in potential for dynamic shifts in accessibility and usage.
Haedal Protocol (HAEDAL) is actively reshaping its market position with recent developments. Trading at $0.16, its market cap stands at $30.5 million. The fully diluted market cap is $156.4 million, with a trading volume of $175.4 million, up 19.13% in 24 hours. Recent fluctuations reveal a 30.57% rise within 24 hours, despite a consistent dip of 7.14% over 90 days, as provided by CoinMarketCap.
The Coincu research team suggests that Bithumb’s move could catalyze broader adoption of Sui-linked assets, intensifying competition among exchanges to diversify offerings. Such listings may potentially influence financial landscapes, as exchanges pivot towards integrating innovative blockchain solutions like those seen in the Ethereum Pectra upgrade.
Source: https://coincu.com/335374-bithumb-haedal-krw-trade-launch/